After more than 18 years serving as chairman of the Federal Reserve, Alan Greenspan will retire on January 31, 2006 from the most powerful banking job in the world.
Greenspan has overseen a national finance policy that many believe was responsible for sustained economic growth during his time, except for two relatively mild re- cessions. Broadcast news outlets provided extensive coverage on both the announcement of his resignation and the nomination of his successor Ben Bernanke, who served under him.
Most frequent messages
1. Bernanke sided with Greenspan on every decision to move interest rates
2. Bernanke is likely to have a similar approach to managing the Federal Reserve
3. Bernanke was seen as the first choice of investors and the business community
4. Wall Street initially welcomed Bernanke's nomination with stocks rising dramatically
5. Bernanke is expected to easily win Senate confirmation
Based on analysis of more than 10,000 radio and TV broadcast news shows from October 24-27
Evaluation and analysis by VMS